For Q1 FY2026 ended March 31, 2026, SOLV Energy reported revenue of $676.8 million, up 65.9% year-over-year. Net loss was $23.4 million, compared to a net loss of $0.7 million in the prior year quarter. Operating loss was $7.2 million, versus operating income of $9.3 million a year ago. Diluted EPS was -$0.20.
•Revenue surged 65.9% YoY to $676.8 million.
•Net loss widened to $23.4 million from $0.7 million.
•Operating income swung to a loss of $7.2 million.
•Diluted EPS was -$0.20.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
SOLV Energy provides infrastructure services to the power industry in the United States. It offers engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services.
The company engages in designing, building, and maintaining utility-scale solar and battery storage projects, and related transmission and distribution infrastructure Operations and maintenance services. The company serves project developers, independent power producers, and utilities. Founded in 2008, SOLV Energy is headquartered in San Diego, California.
SOLV Energy, Inc. provides comprehensive infrastructure services to the power industry in the United States. The company specializes in engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services. It focuses on designing, building, and maintaining utility-scale solar and battery storage projects, as well as related transmission and distribution infrastructure. Additionally, SOLV Energy offers ongoing operations and maintenance services to ensure the long-term performance of these energy assets. Its clients include project developers, independent power producers, and utilities. By delivering end-to-end solutions for renewable energy projects, SOLV Energy plays a key role in the expansion of clean energy infrastructure across the country.
Where is SOLV Energy (MWH) listed and what currency does it trade in?
SOLV Energy, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol MWH. The company's shares are traded in U.S. dollars (USD), reflecting its headquarters and primary operations in the United States. As a Nasdaq-listed company, SOLV Energy benefits from the exchange's high liquidity and visibility among institutional and retail investors. The use of USD as its trading currency aligns with the company's revenue and cost base, which are predominantly in U.S. dollars, simplifying financial reporting and reducing currency risk for investors.
What sector and industry does SOLV Energy (MWH) operate in?
SOLV Energy, Inc. operates in the Utilities sector, specifically within the Utilities - Renewable industry. This classification reflects the company's focus on renewable energy infrastructure, particularly solar and battery storage projects. As a utility-scale renewable energy services provider, SOLV Energy supports the transition to cleaner power sources by building and maintaining large-scale solar farms and energy storage systems. Its activities are distinct from traditional utility companies that generate or distribute electricity, as SOLV Energy provides specialized construction and maintenance services to project developers, independent power producers, and utilities. The renewable energy industry is rapidly growing due to increasing demand for sustainable power and supportive government policies.
Where is SOLV Energy (MWH) headquartered and what markets does it serve?
SOLV Energy, Inc. is headquartered in San Diego, California, and was founded in 2008. The company serves the United States market exclusively, focusing on utility-scale renewable energy projects across the country. Its services are tailored to project developers, independent power producers, and utilities that are investing in solar and battery storage infrastructure. By operating solely in the U.S., SOLV Energy leverages its deep understanding of local regulations, grid interconnection requirements, and market dynamics. The company's headquarters in San Diego places it in a region with strong renewable energy activity, though its projects span multiple states to support the nationwide expansion of clean energy.
How does SOLV Energy (MWH) generate revenue?
SOLV Energy generates revenue by providing a full range of infrastructure services to the power industry, including engineering, procurement, construction (EPC), testing, commissioning, operations, maintenance, and repowering. The company earns income primarily through contracts for designing and building utility-scale solar and battery storage projects, as well as related transmission and distribution infrastructure. Additionally, it offers ongoing operations and maintenance services, which provide recurring revenue streams after project completion. By serving project developers, independent power producers, and utilities, SOLV Energy captures value at multiple stages of a project's lifecycle—from initial construction to long-term upkeep. Its business model is project-based, with revenue recognized over time as work progresses, and is supported by a growing pipeline of renewable energy installations in the United States.